They have been beyond great for my wife and me. Watching the entire process and learning as we go has been a truly amazing experience. Someone is always there to answer our questions within 24hrs. They have made ya feel like family which was a big thing for us considering we were expecting a baby through the entire project. I would recommend Idea pros to anyone looking to change their life and make a difference with their invention idea.
Response from IdeaProsMay 10, 2019
Your app is going to make a great impact on those with hearing impairments and their loved ones. A truly noble cause that we are proud to be a part of. Your PM, Jerick, is so committed to Fluent -- you're in great hands with him.
SB
Steve B.
IdeaPros Partner, Early-Stage Review
I was trying to develop/market my ‘idea’ on my own. Filed patent applications, created a prototype, made the rounds with a few companies I thought might be interested or could help me out, attended ‘new product’ trade shows and the like and ultimately determined the venture was worth pursuing after receiving sufficient positive feedback. Probably could have avoided doing a bunch of that had I known then what I know now, but regardless, it had become abundantly clear that it wasn’t going to be anywhere near as easy or as simple as some people would lead you to believe.
I also recognized that there was no easy path to go it alone. It was clear that the most important thing I needed to find was someone who believed in what I was trying to do, someone I could trust, someone capable, and someone who had *both* our best interests at heart.
Somewhere along the line I found IdeaPros, a bit of back and forth and the following week I was in San Diego at a boardroom table with Fred and his cast of smart and talented people. Two days later we cut a deal that seemed fair enough; they made a commitment to getting the best version of my product to market, I made a meaningful financial commitment to the project, they took their equity stake, a pile of their own money, their expertise, their industry contacts and rolled up their sleeves and began to make it happen.
Without getting too long-winded, their approach as a ‘venture partner’ is novel, collaborative, and responsive...while at the same time, they are still perfecting and proving out their model. Obviously not all of the ‘partner’ inventions will find grand commercial success, but the measured process IdeaPros employs undoubtedly offers new ideas/products a *real* chance at being suitably developed for market penetration.
I’m excited. There has never been a better business environment for inventors to have a good chance for success. Innovation has been embraced, anyone can start small, ideas can grow, and you don’t necessarily have to work with a large corporation or have a friend-of-a-friend in the business to scale up. We’re now able to go direct-to-consumer to compete with, or attract the attention of, the ‘bigger players’ by many different means of strategic engagement.
At any rate, we are just over four months in. Thus far, my product idea has been competitively vetted, consumer surveyed, re-branded, modified and enhanced. It is now in the hands of the IdeaPros design and engineering teams and getting closer to becoming a product that’s ready for market. Still a long ways to go for sure, but its come a long ways already, swiftly and assuredly.
If I could sum up what IdeaPros offers, I’d say this; they are committed to taking your idea and turning it into a product. And while it’s not necessarily any easier to ‘sell’ a product than it is an idea, the ‘value’ of a product will always be greater than that of an idea alone. For me, the opportunity to turn my idea into something of greater value, and to have good people doing good things along with me, looks to be the right choice.
I rate IdeaPros 5 stars for what they’ve done to this point, for doing what they said they’d do, and for elevating my expectations of where we can take this. There’s still a long road ahead, and we’re still getting to more fully know one another, but I expect they will continue to earn this rating (should they not, I’ll amend the rating and disclose why). I’ll keep you posted.
Thanks for everything Fred, Jessica, Dana and everyone else associated with IdeaPros that have worked so hard on *our* project.
Respectfully,
Steve Brown
Response from IdeaProsApr 23, 2019
It is a privilege working with you. You are definitely a true entrepreneur in every sense of the word, ready to roll your sleeves up, take responsibility, and make things happen. I'm really looking forward to killing some competitors with this amazing product.
SL
Sean L.
Looks good, but I saw some concerns:
I engaged with Idea Pros for a possible partnership after looking at their website and videos. The people running the company have good resumes and experience. I was contacted by a consultant quickly and he seemed very energetic in explaining their process and how I had to apply to be selected by their internal committee. He was up front in telling me any partner had to come to the table with significant financial commitment to be selected so he advised me to make my application a "good one" with as much money as I could contribute. From our discussion, I thought this was about $15,000. As a follow-up to our discussion and before wasting anyone's time with an application, I looked at their reviews (as suggested) and read more industry articles on how to vet partners in this space. In looking at the reviews, most were happy to be working with them, but I didn't read any success stories of people actually making money and this concerned me. I sent their consultant some basic concerns and questions, such as if he worked on commission, what was the success rate of their launched products, and how much of their company revenues came from selling services to inventors compared to actually making money on their equity share from royalties. It seems to me these would be important to anyone vetting a company. I didn't hear back until almost two weeks later and the tone of the conversation changed a little. I didn't and still don't have the answers to my questions, but I was asked where I got the questions from, which puzzled me. I was told my questions were referred to someone else in the company, which again puzzled me because I would think this would be readily available to any person working in the company - even just the part if the consultant worked on commission. In our conversation, the consultant was very professional, but more direct. I gave an example that if I had $30,000 to contribute and the consultant chimed in, made a "whew" noise and said they wouldn't "touch" someone for under $50,000 and they routinely rejected products of people with $100,000. Then I asked that if 100 people came to them with products with $100,000, what percentage would they make an offer of partnership. The consultant told me 1% or only 1 out of those 100 people (with $100,000 to invest) would be given an offer of partnership. I thanked him for his time and told him I'd think about it. I felt bad I wasted his time because I never would have wasted his or my time in discussions if I knew $50,000 was a baseline investment with them, so I sent an email saying I wouldn't be a right fit because of the $50,000 requirement. I also stated I'd be leaving a review about our interactions. This time I received an immediate return email stating there was some "miscommunication" in that they will do deals for as little as $25,000 for the right product and person. I would just recommend anyone to investigate any company's success rate, where they get the majority of their revenues from (is it the inventor's fees?), and if their people are paid on commission. I would have to get answers to my questions and investigate Idea Pros much more thoroughly before partnering with them, but this isn't worth the time because I'm not ready to invest $25,000 - $50,000 at this point. I'm going to educate myself more on the industry and see if licensing is a better channel for me.
Response from IdeaProsMar 26, 2019
We're sorry you weren't happy with your experience. We work with people like you - we don't work with "inventors" who want a patent and a licensing deal. Those things don't happen and going down that road is a losing game. WE DO NOT RECOMMEND THIS ROUTE FOR ANYONE. DO NOT USE AN INVENTION PROMOTION COMPANY!
We only work with people who are going to "do it" with OR without us. If you are considering working with Ideapros I encourage everyone to first do their homework. Figure out what it is going to cost you to research your business idea, validate it with consumers, hire a marketing agency to differentiate your product from the competition, name your product - and then design, engineer and line up manufacturing for the product. Then build a website, set up a social media presence, advertise and go live. It's a ton of money. ideapros will save any entrepreneur a great deal of money - but you will still have an obligation.
Your contribution helps cover overhead, hard costs, engineering, etc., and provides some profit for the company. Plus, we get an equity position in each company and we believe that will provide a long term benefit for us and our partners, such as the 14 we are just launching on www.ideaproslaunchpad.com
But we know not everyone can afford it - and for those people we provide a free startup checklist that will give you every single step you need to consider. We provide it because we encourage entrepreneurship. And we write regular blogs for tons of free advice: https://www.ideapros.com/blog/ Go to our Facebook page and watch my Facebook Live broadcasts where I give free advice to entrepreneurs every Friday at noon Pacific.
Sean - I encourage you to contact me and I'm happy to speak to you directly about your experience.
By the way - if anyone wants to know why we rely on Trustpilot to maintain the integrity of our reviews you can get more information here:
https://www.businesswire.com/news/home/20190220005803/en/Trustpilot-Brings-Transparency-Online-Reviews-New-Feature
https://support.trustpilot.com/hc/en-us/articles/222997828--What-s-the-purpose-of-Trustpilot-
Frederick Cary
Executive Chairman
KK
Katie K.
The real deal
I have been searching for help with my project for the last three years and was so excited to find Ideapros. Their company and team members are professional and reliable. My project is in the beginning stages but I feel this dream is in the right hands as we work together to bring it to life. They are constantly in touch with me through every stage and I would recommend them to everyone looking for a partner to take their idea to the next level and beyond. They are friendly and extremely knowledgeable in each of their areas of expertise. Ideapros is with you every step of the way, and I am honored to be their partner. If you don’t know what your next move will be for your project, this is the right place for you!
Response from IdeaProsMay 10, 2019
How did we miss your review? We are thrilled to be your partner as well and are eager to see the fruition of our mutual efforts.
MG
Mark G.
My partner and I have been working with…
My partner and I have been working with Ideapros for about a year on my app called Tote delivery, Everything was going famously until it came time to build our app. My partner and I came into financial trouble when it came time to build our app, It was going to be either pay our bills or get Tote developed. In response to this Ideapros told us they were willing to develop the app for us and we could pay them monthly payments when it was more financially convenient for us. They even substantially lowered the payment amount we would pay when the time came and we were able. This is the value of having Ideapros as a partner, They truly care about each project and more importantly they truly care about people and it is reflected in every interaction we have ever had with them.
Response from IdeaProsJan 29, 2019
It's been great working with you so far! We really believe in TOTE and, even more importantly, in both of you. Unlike service providers, we are actual partners - and we want to act like partners. I know you guys will recover soon enough and, meanwhile, we'll continue rolling up our sleeves and getting this work done. Thanks for the kind words - hang in there and we'll get it done! Fred Cary, Executive Chairman
LF
Lindsay F.
Im truly appreciative of the experience…
Im truly appreciative of the experience and knowledge the Ideapros team has. With every step of the project they all have been supportive and professional. The work of each individual thru each step is beyond amazing! Thank you
TEAM IDEAPROS ALL THE WAY!
Response from IdeaProsJan 29, 2019
Thank you for the feedback! We're glad you appreciate our help, and to know that everyone who worked with you did their part. We love working on your project, and we're eager to continue with you!
-IdeaPros success team
JW
Jared W.
Honored to be partnered with IdeaPros
January 5th 2019:
I recently signed with IdeaPros! I hope to have an innovative and exciting health and wellness product on the market by September 2019. If there is anything you take away from my review, it is this;
Mr. Frederick Cary and Mike Calonni are honest, hardworking, stand up business men. If you are a full-time worker who aspires to be an inventor or innovator, you couldn't ask for more. Their integrity, honesty, and business sense is second to none.
They have set up a talented team, have established strong business relationships and are determined to help make as many great Ideas become a reality, as possible. Mr. Cary and Mr. Calonni have leveraged their reputations, decades of experience in business, and their network of business contacts to make IdeaPros what it is today. I have nothing but respect for what they do and hope my project adds to their impressive resume.
Everyone at IdeaPros is mindful of how important their reputation is for success and it shows through their kindness, professionalism and hard work.
I spent almost 3 years looking for a team like IdeaPros to co-found my company with... They are looking for partners on a global scale, NOT clients.
I am excited to work and learn with them (while keeping my day job). If you have a great Consumer or Commercial Product or App Idea; look no further.
My Journey:
Like most people reading this review, I have constantly dreamt and planned to start my own business.
My wife and I both work full-time and we are busy raising our 3 amazing kids.
My plans have always stayed in the realm of "If I had a million dollars..."
Three years ago that changed; when I "Saw a need, and knew I could fill it."
Preparation + Opportunity = Luck
I sketched up multiple designs, did my own market research, estimated my costs, developed a business plan, and created a pitchdeck. I knew I couldn't launch this product without professional help, so I spent nearly 6 months looking for a company or business partner to help get my idea to market.
Thoughts + Confidence = Action
I contacted almost a dozen "patent help" companies (most of them practice unethical sales tactics.) "You get what you pay for", and began to network with as many businessmen as I could.
None of the companies or people I connected with where trustworthy, interested, and/or capable enouph to persue serious business relationships with. For over 2 years I shelved my idea. Hoping to someday find someone to help start my company as Co-founder.
Just over 6 months ago I came across IdeaPros. I spent days looking into thier business, reviews, and profiles. I decided to submit a simple description of my idea and a few days later I got a call from my Bussiness Advisor, Justin.
At first I treated Justin like all of my previous contacts. I shared only the basic business concept and the market opportunity I believe my product possess and I explained that I had numerous design solutions and was eager to work with a partner to get my product to market.
Justin then explained Idea Pros' business model, what my roll and responsibility would be on the project (and eventualy MY company), and my financial contribution necessary to begin development.
Justin had alot of great questions about my idea and I was so impressed with his answers to mine. It wasn't more than an hour and I knew that this was the partner I was looking for. I submitted my Business Plan and Pitch Deck to him later that afternoon (Something I hadn't shown any other contacts before).
Justin guided me through the application process and he presented my proposal to the board for their consideration. I was so happy my idea received a partnership offer! I suspect less than 1% of applicants receive an offer. (Don't let that dissuade you from applying)
Unfortunately my financial contribution requirements in the offer sheet where out of my reach... I explained this to Justin and was surprised at how understanding he was. He always spoke to me as a business partner, never as a salesman. He re-affirmed our Non-Disclosure Agreement and that when I raised my portion we could start the project and he hoped to hear from me when I was ready.
Ethics + Communication = Trust
6 months of hard work and determination has paid off! I found a business partner, who I trust, to help finance our project and we both flew out to San Diago to meet Mr. Frederick Cary and his team in person. It was great to be able to introduce ourselves face to face.
Everyone at IdeaPros is very welcoming and professional. They where just as interested to know who we are as we where to learn about them. The people they partner with is just as important to the success of the company as the Idea. If there is one thing I learned in our visit, it's that IdeaPros is looking for honest, open-minded, and passionate partners to work with.
If you succeed they succeed.
I have learned so much already, I can only imagine what the next 12 months will bring. Now the real work begins!
My advice:
1. Have a good Idea that is scaleable.
2. Be passionate and knowledgable about your idea.
3. Be prepared to invest in your idea.
4. Be ready to work with the best in the business.
5. Be willing to learn and grow.
My personal list of resources:
1. YouTube channels:
Valuetainment
2. Movies:
The Founder
Joy
3. TV:
The Profit
Shark Tank
4. Local resources:
SBA
Chamber of commerce
I plan on adding my contact information in 6 months or so to answer questions anyone interested in working with IdeaPros might have.
Update January 10th 2019:
In response to Mr. Frederick Cary:
Yes! I have already read your book and guide multiple times and have been watching the valuable leadership, business, and marketing videos included with it. They are extremely informative as well as reaffirming. I also went out and bought the book Justin recommended. It was a fantastic read. It clearly has had a lot of influence on your business model and team. I am excited to apply what I have already learned.
I would also like to recognize my Project Manager, Kevin Nguyen. It has been a pleasure working with him, he is as inthusiastic and diligent about this project as I am. He has consistently exceeded my expectations. I am extremely grateful for all his hard work. I am reviewing his latest submittal and we should be moving onto the next phase of development sometime next week.
Again, thank you for giving me and my family the opportunity to chase the true American Dream. Knowing you and your team are in our corner feels amazing.
"Learn by doing."
Response from IdeaProsJan 5, 2019
Jared, thank you so much for this review. You hit the nail on the head when you talk about preparing. Some people think they can hand over a project and then never have to do anything. At IdeaPros we PREPARE you for success by creating differentiated products that are well positioned. But, you're right, in the end is it YOUR company and we remain your minority partners. And YOU are the one that will actualize that success.
So these next several months it's important to study everything, to learn tactics to use to get product exposure, and to learn everything you can about sales. Fortunately, you'll find everything you need in the eBook I created for you and our partners. If you haven't received it yet make sure your project manager sends it to you. If you read it and do every exercise, and view each of our 26 suggested videos, you'll be ready for anything!
Again, thank you! We're proud to be your partner.
Fred
RR
Robert R.
Off to a great start with Ideapros
Even though I have worked with them for a short time, I could tell immediately this group knows what they are doing. They have a ton of real world experience. Professional and geniunely interested in what I am trying to accomplish with my invention. Best part is they are transparent. Of course they want to make a profit. We all do. But they are different then other consultants and investor portals. They are upfront on disclosures and explain the program in detail. No surprises or tricks. Startups are a tricky business, so getting the right group to help you, is key. Happy with Ideapros and you will too.